A few tips for newcomers in the cryptocurrency circle!
1. The cryptocurrency market has gone through the period of wild explosion. The next stage is the stage of formal financialization, where capital institutions compete with each other.
Don't dream of making a profit of dozens or hundreds of times by pinching a coin.
2. The primary market is indeed a small investment with a big return, but those who recommend you to play the primary market will not tell you that 99% of the projects will return to zero.
3. Although you can make a lot of money by playing the contract full warehouse + full multiple, you can also lose a lot of money.
4. Generally speaking, when someone is crazy about CX a certain coin, it is basically coming to an end.
At this time, if you have held this coin before, you can consider getting off the bus.
If you don't hold this coin, it's best not to enter the market at this time, because there is a 90% probability that you will take over.
5. Regardless of whether you make a profit or a loss, you should summarize yourself from time to time and ask yourself why this order is profitable and why this order is losing money?
6. Make more friends with some old people in the cryptocurrency circle, even if he is a person who has been trading for many years and still loses money. Because you get along with him more, you can find out the reasons for your own losses. You can avoid some of the reasons for his losses in time and trade in the opposite way. You will find that making money is not difficult.
Finally, I want to tell you that investment is risky and financial management needs to be cautious.
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